The dramatic consequences of climate change and environmental degradation have brought the need for a more sustainable economy to the top of the agenda. Transforming the EU economy to make it more sustainable requires large investments, especially for enabling a green and low-carbon transition. Given that the public sector alone cannot cover this financial need, solutions have been sought to bring the private sector on board.
https://www.europarl.europa.eu/thinktank/en/document.html?reference=EPRS_BRI(2021)679081

https://youtu.be/VUrVv9Ud-7o
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